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CNN
Nov 29, 2012 8:00am PST
will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked to the president about many of them. you can can look at
CBS
Dec 5, 2012 7:00pm EST
-called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. ren, it's only 2%. >> pelley: by 2% he means individuals making more than $200000 and couples taking in 250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter:
CBS
Nov 29, 2012 4:00am PST
on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can work on other details such as spending cuts and changes to the tax code, medicare and medicaid. >> he's out there campaigning for his position. i get it. we understand it. at the end of the day he has to lead on this issue. >> reporter: some republican lawmakers have said they are willing to compromise on the tax issue. oklahoma representative tom cole said the gop should sign off on the middle class extension. but house speaker john boehner isn't ready to budge yet. >>
FOX News
Dec 5, 2012 6:00pm PST
the fiscal cliff negotiations. does the average american know what exactly this is? we went to the streets of new york to find out. >> it was something i probably learned about in school, but i'm guessing it's like a cliff like a mountain avalanche type of cliff. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, withcause c-max alsoted beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ so we created the extraordinarily comfortable sleep number experience. around a bed with dualair technology that allows you to adjust to the
MSNBC
Nov 30, 2012 8:00am PST
the fiscal cliff, but if the average american family, according to the statistics, has to pay an extra $2,000 in taxes next year, they're not going to be buying any more lincoln logs or toys like this. we cannot endorse any one product, by the way. and therefore this business is going to suffer. if there's one thing that's clear, thomas, from the president's offer through secretary geithner up on the hill yesterday, is number one, they really feel like they have the upper political hand. and number two, they're going to play hardball, as you reported. we are still, believe it or not, on the eve of december in the preliminary sort of positioning stages of this negotiation, thomas. >> okay. that's hutfeld, pennsylvania? >> reporter: i believe it is hatfield. i'm getting confirmation here, yes. >> nbc's mike viqueira in hatfield, pa. >>> we are going to be carrying the president's remarks live today at 12:05 right here on msnbc, the place for politics. , something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit.
FOX Business
Dec 5, 2012 1:00pm EST
cliff? melissa: surprisingly the american people are not so sure on this one. we'll get lou dobbs's take. >> i'm adam shapiro with your fox business brief. stocks are trading higher in afternoon trading pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four i
CNN
Dec 1, 2012 3:00am PST
to that fiscal cliff and two very lucky americans are a whole lot rier. a look back now at the week that was. >> the fiscal cliff now just 34 days away. >> we only have a couple weeks to get something done. >> this is not a game. >> i'll sign this bill as soon as congress sends it me way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing gangnum style for us this morning. >> the week centered on a big worry. >> this fiscal cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly trou
ABC
Dec 4, 2012 5:30pm PST
hurtling even closer to the fiscal cliff. now, 28 days from now. abc's jake tapper has news tonight on one thing both sides may agree to change, and it's something that could affect millions of american families and fast. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by elim
Current
Nov 30, 2012 5:00pm PST
event in pennsylvania to tout his proposal in the fiscal cliff negotiations saying that the american people made their economic wishes clear on the election day. >> obama: this was a central questions in the election. maybe the central question in the election. you remember. we talked about this a lot. at the end of the day a clear majority of americans--democrats republicans, independents--they agreed with a balanced approach. >> eliot: republicans meanwhile openly deride the president's proposal saying they're the ones taking negotiations seriously. >> the proposal that was delivered here by secretary geithner the speaker and me yesterday was not a serious proposal. >> i mean, it's--it's--it's--it was not a serious proposal. i think the debt crisis that we face requires us to make serious decisions. >> we're not playing a game. we're being serious. >> eliot: bottom line. let's hope there is a different script being played out behind the scenes. joining me now for some serious wisdom is staff reporter for mother jones andy kroll. thank you for joining me tonight. >> my pleasure. >>
FOX News
Dec 1, 2012 10:00am PST
, jamie. one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their income. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget offic
FOX Business
Dec 3, 2012 1:00pm EST
cliff doesn't seem to stop americans from buying new cars. edmunds analyst jessica caldwell breaks down a surprising strong month for automakers but will it last? tracy: time to check stocks as we do every 15 minutes. we head down to the lauren simonetti on the floor of the new york stock exchange. they are slipping but just off the lows of the day. >> off the lows of the day. but the dow and s&p 500 giving up about a third of a percent each right now. the nasdaq is down three points. off the lows. the low for the dow this session is 12,969. we're a little above it but seems like the market wants to end the day in the red. we got conflicting data. construction spending was favorable in october. but manufacturing surprisingly contracted in november here in the u.s. so that is some we're getting. show you a big winner. that is dell, the third best performer out of the s&p 500 right now. goldman sachs upgrading the stock from a sell all the way to a buy and giving it a $13 price target from $9. dell is one of your big winners today. back to you. tracy: merry christmas, dell. lauren, see yo
CNN
Dec 1, 2012 5:00am PST
to peeking over that fiscal cliff and two very lucky americans. they got a whole lot richer. a look back now at the week that was. >> the fiscal cliff, now just 34 days away. >> we only have a couple weeks to get something done. >> listen, this is not a game. >> you'll sign this bill as soon as congress sends it my way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing "gangnam style" for us this morning. >> money, politics and the mix dominated this week that was. the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consula
FOX News
Dec 2, 2012 7:00am PST
's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a good job if they are on a deadline or rush timetable. you know, we got obamacare because of that. that is going to prove a mess. we have gotten all kind of tax deals where things never really materialize. you know, ronald reagan had such a deal at the last minute in 1982, and out of every 100 cents of spending restraint he only got 75 cents because the deal was written so badly went need to take the time on this and not view december 31 as arbitrary deadline. >> jamie: it would be great if we did things in steps. i thought about this with the initial stimulus. why not spend a little and see what happens this but the white house said according to the reports -- let me get it right -- $400 billion in long-term reductions to medicare and medicaid.
FOX News
Dec 1, 2012 1:00pm PST
and if the u.s. does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 billion on the s
FOX News
Dec 1, 2012 3:00pm PST
: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax code to close loopholes and lower tax rates. that's far better for the economy. >> the clock is ticking. the year is ending. it's really important with tax legislation for it to happen now. we're calling upon the republican leadership in the house to bring this legislation to the floor next week. >> arthel: let's bring in steve centanni with more. >> as you can see, the two sides are taking strong stands on principle, but aren't really getting any closer to a compromise as we speed toward that fiscal cliff. the president hit the road appearing at a pennsylvania toy factory yesterday and appealing for a balanced approach, inc
CNBC
Dec 4, 2012 4:00pm EST
hospital is with us. give me your concerns or feelings as we approach this fiscal cliff. do you think we'll get a deal done, or are you anticipating we go over the cliff? >> we're americans. we have to get a deal done. this is really important, and it's important for health care. at some point in time, we're going to have to come to grips with the fact there's got to be revenue. you have to have some rate increases, in my opinion. charitable deductions are a non-starter for us. that's a big issue. universities, hospitals, we depend on charity and charitable donations. >> let's stop right there because i want to take one part at a time. the charitable deductions, this is one of those deductions within the tax code that's being debated. that and as well the mortgage deduction. you think that if that incentive to give money away, that incentive to help hospitals, health care, you think people will give less? >> i know that. there's no question in my mind. >> why? >> because people do not want to feel that they're giving and then that deduction is limited. i've had discussions with many of o
CNN
Nov 29, 2012 4:00am PST
solution to avoid the fiscal cliff. take a look at an abc news washington post poll that shows 60% of americans support upper income americans having their taxes raised. 37% oppose it. on issue of reducing deductions, 44% support that. 49% oppose it. much like lawmakers they realize there is a big problem that needs to be fixed but divided on how to fix it. >> in addition to the goings on in the capitol there is a big lunch at the white house today. governor romney coming by for a bite to eat. a lot of speculation about what might be discussed at the meal and the possibility of maybe future job? >> jay carney pushed back on that yesterday. the president said there was no suggestion here that he had a special assignment for him. the president invited mitt romney to come to the white house because he wanted to talk about moving the country forward. the president pointed out that out there on the campaign trail mitt romney had good ideas. he wanted to talk to him about that. not necessarily partisan ideas but ideas like job creation for the middle class. the president pointed to mitt
Current
Dec 6, 2012 3:00am PST
to your calls about the fiscal cliff and whether -- we told president obama is still the best way to go. remember there's some risk here. the risk is if we do go over the cliff, allow taxes -- that means taxes on every american will go up. every taxpayer will go up first of the year. not just on the top 2%. and somebody's going to get the blame for that. we're counting on the republicans -- americans knowing that republicans are to blame. is that the case? do you agree. 1-866-55-press. is that what the president ought to do. 1-866-55-press. one thing you ought to -- before we get back to your calls urge you to consider, particularly if you are one of those families struggling to make ends meet at the end of every month and who's not, take a look at incomeathome.com. no obligation. just check it out. they're america's leading work from home business and they're offering you an opportunity you can do. in matter your age education or experience, you can literally earn money on your own laptop from your own kitchen ta
CBS
Nov 30, 2012 7:00am PST
fiscal cliff. >> republicans call it an insulting joke. >> the biggest stumbling block remains, new taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a mystery. >> the ticket holder may be all the way across this country in maryland. surveillance video shows a man who purportedly just found out that he wan on. >> now asking that person to come forward, show his ticket and bring your papers. >> lindsay lohan went to jail just to stay dry. >> whipped out his membership card. >> beau obama, inspecting the white house christmas decorations. >>> are you kidding me? >> never has drew brees thrown foiv interceptions and atlanta will survive. >>> an act of kindness by a new york cop going viral. tourist taking this photo of police officer larry deprimo giving boots to a homeless man. >> absolut
CNN
Dec 5, 2012 9:00am PST
. dan, thank you. appreciate it. >> okay. >> so if the country falls off the fiscal cliff, 90% of all americans are going to feel the pinch. the average american house hoed will see taxes go up by more than $3,400. our next guest went to capitol hill and the white house today to do something about this. kristin, she is one of the co-founders of moms rising, an on-line group that add slow indicates for families. kristen, tell me about your group. you went to the hill today. you have a petition, and you got some teddy bears as well. what's the serious message behind this? >> well, moms rising has more than a million members across the country. moms who care about family economic security and care about our nation, and they sent in stories by the hundreds and hundreds and hundreds about how going off the fiscal cliff would impact them. today we went to congress, and we delivered those stories, in fact, to every member of congress saying don't put us in an un-bear-able situation. don't throw moms and families off a fiscal cliff. we need to act quickly to fix this situation for women and f
MSNBC
Dec 6, 2012 10:00am PST
the impact of a tax increase for 98% of americans if a deal the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
CNN
Dec 2, 2012 3:00pm PST
in numbers. unitedhealthcare. >>> we are talking politics and the fiscal cliff. ana and lz are here, we held them over the break. we'll see how this goes, i'm going to mediate with the independent and republican here. here's where we are, the president has said this is on the table, this is where i stand, tax increases for the wealthiest 2% of the country, okay? ana, you're a republican, i hand that to you, what do you they. >> first of all, the devil is in the detail. how do we define the top 2% of the country? right now it is $250,000 is the definition. well, don, that may be wealthy in some parts of the united states, but it's not wealthy in other parts of the united states. >> so what do you do, how do you count her? >> you raise the cap on what wealthy means. you also put it all on the table as to how you're going to raise taxes. does it necessarily mean raising taxes? could it be getting rid of some deductions? >> so you would say, all right, we are willing to talk about raising taxes but we also want to raise what the minimum requirement is for the wealthiest -- >> he needs to put som
CBS
Dec 4, 2012 4:00am PST
the republican counteroffer, the proposal to avoid the so called fiscal cliff. it is a $2.2 trillion offer that does not raise the tax rate on the wealthiest americans and that has become the central issue of the negotiations. the white house says republicans still are not ready to get serious. susan mcginnis is in washington with the back and forth details. susan, good morning to you. >> reporter: good morning, terrell. gop leaders here on capitol hill sent their plan to the white house in this letter on monday, and now that both initial offers are out there, both sides say it's time to get serious. governors from six states are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a co
FOX News
Nov 30, 2012 3:00pm PST
the fiscal cliff is. move a lot of the damage to the economy on january 1. let's go ahead and pass that. we can debate the upper income taxes and the spending later. it's not implausible, you can make a sophisticated argument why it's a mistake but as a first blush argument the president has the advantage. >> bret: juan? >> i think that you are starting to see much of the posturing and the poxing and the -- positioning and the democrats and president have advantage and trying to take advantage of it. you see it from the polls that come out and most people blame republicans if there is to deal. right now just what you saw from speaker boehner. speaker boehner says the president is asking for $1.6 trillion in terms of added revenue. boehner has come out and said he will do a deal with $800 billion, which is what the president was asking for before. what you have is the outline now, the early outlines of some in between spot where they could in fact find middle ground. then you have the democrats trying to put pressure on the republicans to name their own cuts. where would you cut in addition
FOX News
Dec 4, 2012 7:00pm PST
happened to these people those are four americans dead and we're going other the fiscal cliff. there's still unresolved issues. >> what i don't get is if there are four murders in any town or city in this country, and on september 11th it was still unsolved, it would still be front page news. >> right. >> for some reason if we ask questions about it. >> you're obsessed with benghazi. >> we're obsessed or politicizing it, and the irony of it is the way to end the discussion is to give the information. all of it could be ended that way. >> where is the investigation? this is the longest-running investigation. columbo could have solved this by now. they didn't send the fbi until what was it, you were all over t. five weeks after the hit on september 11th. the fbi was still not on site. it's all just bizarre. >> that's why we need anna wintour. let's put her in charge of the investigation. maybe she'll get the answers. at least she'll be dressed well. >> tell me about your radio show. what's up with that? >> a lot of great speculation. a bit of a high day tus hiatus. i'll announce what i
MSNBC
Nov 30, 2012 6:00am PST
americans sent us to do. >> you mentioned the fiscal cliff and i want to ask you about it. president obama even in his p - proposal yesterday had entitlement cuts including to medicare. you have in the past been resistant to cutting entit entitlements. does the result of the election -- i've heard many people on the democratic side say, look, we won. we don't need to make concess n concessions to republicans on entitlements. we can raise the top rates without making these concessions. do you think the president is even in this first proposal giving away too much on the entitlement side? >> i think it's important to note that there's a difference between working to cut medicare and protecting the benefits. and itch said repeatedly that i will not vote to cut the benefits people have earned and depend on because they put those benefits into place, one, this in the middle of a depression, social security, and the other one, medicare, because they were needed. republicans and democrats recognized they needed these programs because people got old and people got sick and they still do. so i wi
WHUT
Dec 6, 2012 6:00pm EST
fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, those making more than $250,000. if republicans and not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there is no room for an agreement that the not involve the rates going up for the top 2%. >> speaking to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we
CNN
Nov 30, 2012 1:00pm PST
significant, the biggest stumbling block on the road to the fiscal cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to do that. >> absolutely. and that proposal to take away what has been historically a congressional prerogative was a little bit surprising even to people who have been reading about this stuff for years. is it true though, dana, as it has been in past years that both sides at least have to show their bases that they're fighting the good fight and that's part of what's going on here? >> reporter: absolutely. there's no question about it. what i mention in the piece really is a real phenomenon here when it comes to the feeling among congre
FOX News
Dec 5, 2012 8:00am PST
bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this
ABC
Dec 6, 2012 1:40am PST
for the worst if negotiations fail to avoid the fiscal cliff. >> one possibility in all of this, simply no agreement. the impact on the government and every single american taxpayer. it's thursday, december 6th. >> announcer: from abc news, this is "world news now." >>> good thursday morning. >> morning. >> i'm paula faris. we did establish morning is spelled m-e-r-n-i-n-g. >> m-e-r-n-i-n-g. nicely done. >> "merning," everybody. >> i'm rob nelson. we'll get to the discouraging situation on the fiscal cliff in just a moment. and we do have even a visual this morning. >> not yet. >> going to wait for it? very high tech. >> so high tech. working on this prop all day. all morning. >> weeks of planning. >>> we also have a major development in the case of software mogul john mcafee he was actually arrested last night. and this morning, police are taking more action after he tried to seek asylum in guatemala. a strange story gets even stranger. again he is now under arrest. >> bizarre to the nth degree there. >> yeah. >>> also this morning -- weeding through all the details on washington state
FOX News
Dec 6, 2012 12:00pm PST
senate democrats said they won't consider proposals to saw void the so-called fiscal cliff. not until the gop agrees that tax rates will go up on the wealthiest of americans. they said it from the beginning. president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for anybody, but an incrowsing number of republicans -- an increasing number of republicans are saying they will have to give in to democrats' demands. you know i read a number of websites that said republicans have waived the white flag on some issues, but not all of them. assuring republicans they don't have to vote for a tax increase. >> and it technically may be correct, but not many are buying this new strategy from the white house since the tax cuts from the middle class and those from the top 2% are both set to expire at the end of the year. the white house says congress really only has to extend one
CBS
Dec 1, 2012 5:00am PST
and they will play for us this morning. we begin this morning with the so-called fiscal cliff one from today unless washington gets its act together 90% of americans will see their taxes rise as a series of tax increase and spending cuts take effect. yet negotiations between the white house and congressional republicans are at a standstill. anna werner is in our washington bureau. good morning. >> reporter: good morning. unless congress comes to an agreement on the fiscal cliff it would mean a tax hike plus some $65 billion would be cut from the pentagon and other government agencies. both sides are hoping for a compromise. but so far all there's been is debate. >> i've been keeping my own naughty and nice list for washington. >> reporter: president obama took his fight to the public while visiting a toy company in pennsylvania where he warned republicans not to play scrooge. >> it's not acceptable to me and i don't think it's acceptable for you for a handful of republicans to hold middle class tax cuts held hostage. >> reporter: the white house proposal includes $4 trill
CNN
Nov 29, 2012 1:00pm PST
surprise you with this, i don't agree by going over the fiscal cliff, but i do agree that the smart move for the americans to make they don't have leverage on the taxes. the payroll tax cut about to expire and it did expire, republicans tucked their tails, reversed themselves under pressure. president obama won the issue. how can republicans oppose cutting taxes for 98% of the american people? that's what this is going to come down to if it goes beyond january 1st. and i think republicans are going to cave again if that happens. so the smart move is take taxes off the table. and then the only thing left is what will the president do on spending and entitlements. don't forget, wolf and paul, none of this tax talk has any impact on the sequester. unless they cut spending, we are still facing massive cuts to the pentagon, doctors and hospitals. taxes are a separate debate. solve it, settle it and then we can focus on spending before december 31st. >> hold your fire, paul. we're going to continue this conversation. we have more to talk about. should president obama back off plans to nominate
CNN
Dec 4, 2012 1:00pm PST
the fiscal cliff. jessi jessica, thank you. >>> as things stand right now, republicans want to keep all the bush tax cuts, but raise $800 billion by limiting some tax deductions, loopholes, et cetera. they also want to save will the $600 billion by cutting health care spending. the president says the republicans' proposal doesn't work because of the math. he wants to raise $1.6 trillion in taxes, twice as much as the republicans. and he wants to do it mostly by increasing tax rates on the top earners and proposes to cut health care spending by $350 billion. i'm joined by gloria borger. where do we stand on the expiration of the bush era tax cut? >> we are where we are, and what was interesting to me in listening and reading the transcript of that bloomberg interview today with the president, sometimes you have to listen to what the president did not say. of course, he wants the tax rates on the wealthy to go up. did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that somet
MSNBC
Nov 29, 2012 11:00am PST
, of course, what is a very critical time. the deadline for the fiscal cliff is drawing near. you have to imagine that that was a large part of romney's discussions today both with president obama and with ryan. >> kristen welker at the white house, thanks so much. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually strengthens our hand. i haven't changed my mind. i'm not going to come out here and be disingenuous to people. i think it would be a step in the right direction. >> today john boehner expressed disappointment at where the negotiations stand. as our first read team points out, by siding with the white house tom cole may be helping boehner get the deal he
FOX News
Dec 6, 2012 8:00am PST
to those american citizens, though, that say, listen, over the fiscal cliff, i'm afraid of that, i don't even want to entertain the possibilities of what that would look like. >> i think when it comes to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was hammered out in august of 2011. what typically happens is that spending cuts are promised in the future, but they never materialize, the taxes are raised anyway. that is exactly what would happen under this circumstance, taxes would be raised, spending cuts would be promised in the future but when that deadline is reached we won't make the spending cuts. so at this point in time what is really being talked about is strictly a tax increase and freidman would have opposed that. jenna: i don't need to tell you that, there's certainly been critics of milton freidman out there. if you take the criticism together this is what they say. t
CNN
Dec 6, 2012 5:00am EST
this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the end of the day, the republicans also want to feel like they're winning. >> we'll see you back here later. thank you. >> sounds great. >> 26 days to go on that. thanks, kate. >>> it looks like the bodies of two missing cousins have been found by hunters in a wooded area in iowa. 10-year-old cook and 8-year-old collins went missing back in july. their bicycles and one of the girls purses were found near a neighborhood lake. friends and neighbors gathered for a vigil last night. the families have been notified. the bodies still need to be positively identified by the state medical examiner. there is no suspects in their disappearance. this is the worst possible outcome for fami
CNN
Dec 5, 2012 1:00pm PST
% of americans would blame republicans in congress, not the president, if we went over the fiscal cliff. republicans have a problem there as terms of messaging. >> nay understand the situation, again, they said we're prepared to get more revenue from the rich, they made a tremendous move. they got no response from the white house, and essentially today, a courtesy call. they understand that the american people have asked for this, but they also know the american people have asked for some leadership. they asked for compromise, there is more to be done as well. >> they love a deadline, they're willing to give up their christmas vacation. as you know, the stakes for so many americans are enormous. right now, they have to get this done one way or the other. >> it will be right up to the end. >> as it usually is. >> we'll have new year's eve here in the situation room? >> i'll bring the champagne. >>> eye opening new poll numbers coming in about hillary clinton's presidential chances in 2016 if she decides to run. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life
MSNBC
Dec 1, 2012 9:00am PST
to see this country go off the fiscal cliff. there's obviously too much at stake not only politically but for the lives and welfare of americans. i think that's foremost in their mind, even given all the politics. so thelma and louise, whatever conspiracy theories we see right now, they might be justified because we're at a standoff at least publicly right now as we head into december, alex. >> mike viqueira at the white house, thanks for that. >>> joining me for more front page politics, perry bacon junior and political contributor for the "washington post." perry, the president's plan is pretty ambitious. what is the strategy here? >> the strategy is to move this debate to the left. i mean, a lot of times you saw in these first four years obama would kind of start in the center on a plan and then the republicans could move to the right a little bit. in this plan, obama knows republicans don't support stimulus money. they don't support $1.6 trillion in taxes. he's saying i won the election. we're going to start with a plan pretty far to the left and move slightly from there. he's pla
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